Investment , Legislation , Health, Safety & Environment , Emissions , Renewables

PESA Op-ed: California Needs Real-world Energy Solutions

Switching to an all-renewable energy supply sounds good in theory, but the rhetoric elides the need for reliability and overlooks the critical role oil and gas plays in supporting the renewables supply chain.

October 14, 2020

Investment , Acquisitions & Divestitures

Aramco, BlackRock, Others Discussing Deal Worth over $10 Billion

The deal, internally dubbed "Project Seek," is still in its initial phase and there is no formal decision on the investors yet, one of the two sources familiar with the matter said.

October 14, 2020

Investment , International , Health, Safety & Environment , Emissions , Renewables

UN Chief Urges Development Banks to Stop Backing Fossil Fuel Projects

U.N. Secretary-General Antonio Guterres urged a coalition of finance ministers and economic policymakers from dozens of countries to ensure development banks end fossil fuel investments and boost renewable energy.

October 13, 2020

Investment , Markets , Emissions , Renewables

Pandemic Could Delay Energy Demand Recovery to 2025, IEA Says

Demand for oil is set to fall by 8% and coal use by 7% while renewables will see a slight rise, the IEA said in its annual World Energy Outlook.

October 13, 2020

Public Capital , Investment , Health, Safety & Environment , Emissions , Renewables

JPMorgan Chase Promises to Shift Portfolio Away from Fossil Fuels

JPMorgan Chase to cut exposure to companies that do not align operations with Paris climate accord.

October 9, 2020

Investment , Exploration & Production , Health, Safety & Environment , Emissions , Technology

E&P Plus Cover Story: ESG Takes Root

There’s little doubt sustainability will be part of doing business in oil and gas fields going forward. Now, how do companies go about quantifying their efforts?

October 1, 2020

Investment , Construction , Pipelines

TC Energy, Natural Law Energy Agree to Indigenous Equity Investment

The MOU, which includes Keystone XL, is one of the largest of its kind in North American infrastructure.

September 30, 2020

Investment , Renewables , Acquisitions & Divestitures

Houston-area Solar Project Sold to Renewables-focused Spanish Conglomerate

In a statement commenting on the acquisition, Rafael Esteban, CEO of ACCIONA’s energy division in North America, called the Fort Bend Solar project a flagship in the company’s U.S. portfolio.

September 29, 2020

Investment , Exploration & Production , Legislation

Canadian Government Commits $320 Million to Aid Offshore Oil Industry

Newfoundland and Labrador is the third-largest oil-producing province in Canada, producing 5% of the country's crude in 2018. Low oil prices have forced producers to cut spending and output globally.

September 25, 2020

Private Equity , Investment , Health, Safety & Environment

Vanguard, BlackRock Add New Climate-focused ETFs as Demand Soars

Top asset managers Vanguard Group Inc. and BlackRock Inc. on Sept. 24 introduced new exchange-traded funds that exclude oil companies, coal producers and other industries that a growing number of investors want to avoid.

September 25, 2020